Commodity Prices

Gold •617 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	2,089.90	-75.60	-3.49%
WTI Crude •11 mins	96.59	+0.86	+0.90%
Gasoline •11 mins	2.962	-0.003	-0.10%
Ethanol •617 days	2.161	+0.000	+0.00%
Silver •617 days	30.82	+1.16	+3.92%

Silver • 617 days	30.82	+1.16	+3.92%
Copper • 617 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	101.43	+0.97	+0.97%
Natural Gas • 11 mins	3.291	+0.058	+1.79%
Heating Oil • 11 mins	3.926	+0.027	+0.69%

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GBP/USD – Uncharted Area

By - Oct 04, 2016, 6:28 AM CDT

GBP/USD has broken key support at 1.2789. There is no real support below 1.2775. Resistance is located at 1.2873 (03/10/2016). Expected to show continued downside pressures.

The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support given at 1.0520 (01/03/85) represents a decent target. Long-term resistance is given at 1.5018 (24/06/2015) and would indicate a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

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